Jasper cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general overview of the cost of living index for Jasper, AL is displayed above. In Jasper, AL, the overall cost of living index is 87, which is 3% lower than the Alabama average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Jasper, AL, the city's goods and services are 5% lower than the Alabama average and 8% lower than the U.S. average.

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How would you rate the cost of living in Jasper?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Jasper?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Prices are increasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Compare Jasper, AL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Use the salary calculator to compare your current income in Jasper, AL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Jasper, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Jasper, AL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$53,480

$4,457

$1,248

$1,605

Renters

$19,444

$1,620

$454

$583

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Jasper, AL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Jasper, AL has a median income of about $53,480 for people who own homes. Based on that number, a person should spend a maximum of $1,248 on expenses related to housing. Renters have a slightly different median income, which is $19,444. Based on this average, renters should spend no more than $454 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Alabama Sales Tax

State

General Sales Tax

With Max Surtax

Alabama

4%

13.5%

Alabama Income Tax

State

Income Tax (Low)

Income Tax (High)

Alabama

2%

5%

For those who live in Jasper, AL and want to know what the true cost of living is, they ought to look at both the Alabama income tax rate and the Alabama sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Alabama, the sales tax is 4%, while the most you'll pay in surtax is 13.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Alabama, the income tax rate ranges between 2% to 5%.

Goods & Services

Item

Jasper

National avg.

Difference

Haircut

$15.33

$16.09

4.7%

Beauty Salon

$34.18

$37.33

8.4%

Toothpaste

$3.52

$2.45

43.7%

Shampoo

$0.84

$1.00

16.0%

Movie

$10.49

$10.28

2.1%

Bowling

$5.28

$4.93

7.1%

Groceries

Item

Jasper

National avg.

Difference

Ground Beef

$4.01

$3.80

5.4%

Fried Chicken

$1.26

$1.40

9.6%

Milk

$2.26

$2.01

12.4%

Potatoes

$5.16

$3.01

71.4%

Pizza

$8.49

$9.89

14.1%

Beer

$8.14

$8.90

8.6%

Health Care

Item

Jasper

National avg.

Difference

Optometrist

$116.33

$102.16

13.9%

Doctor

$86.11

$108.36

20.5%

Dentist

$71.22

$92.53

23.0%

Ibuprofen

$5.96

$9.28

35.8%

Lipitor

$432.03

$425.82

1.5%

Housing

Item

Jasper

National avg.

Difference

Home Price

$136,000.00

$184,700.00

26.4%

Avg. Mortgage Payment

$972.83

$1,202.44

19.1%

Apartment Rent

$629.00

$949.00

33.7%

Transportation

Item

Jasper

National avg.

Difference

Gasoline

$2.01

$2.24

10.3%

Tire Balancing

$43.49

$46.29

6.1%

Utilities

Item

Jasper

National avg.

Difference

All Electricity

$190.76

$165.96

14.9%

Phone

$24.33

$28.68

15.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.